🔨Top home improvement projects to increase your home’s value

Saturday,
March 18, 2023

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The week in review

• Despite the strong support offered by regulators and the Fed, investors voiced concerns over First Republic Bank (FRC) having the third highest rate of uninsured deposits in the US. Shares in the company fell more than 20% only to finish in the green as news broke that a number of large financial institutions were in talks to potentially offer $30 billion in deposits.

• Gold rallied north of $1,900 while the benchmark US 10-year yield fell to 3.5%. Both moves marked levels not seen in nearly a month, as investors flocked to safer assets.

• Goldman Sachs (GS) no longer expects the Fed to hike interest rates at its next meeting on March 22nd. That said, markets are only pricing in a roughly 46% chance of holding rates flat, with the remaining 54% betting on a 25-basis-point hike.

For more economic news, visit On the Money — SoFi’s one-stop-shop for news, trends, and tips!

Maximize the enjoyment you get out of your home while also adding ROI value.

Many renters and homeowners feel that annual or biannual itch to spruce up their living space. That might mean a fresh coat of paint, upgraded appliances, or a kitchen remodel. Depending on the level of your upgrade, the cost of home remodel can come in anywhere from a few hundred to tens of thousands of dollars.

If you’re making upgrades that will improve a home’s value, the cost may be made up when selling the house later. Here are the top home improvement projects to increase your home’s value.

And if you need a little more cash on hand to help with your project, using a personal home improvement loan can help you focus on the renovation instead of fretting about costs. Plus, if you get an unsecured loan, you won’t have to worry about putting your home equity on the line as collateral.

This week's top stories

The government announced they will provide assets to cover all depositors from recently closed Silicon Valley Bank and Signature Bank.
In an effort to shore up the public’s confidence in the US banking system after two bank closures, the Treasury, Federal Reserve, and the Federal Deposit Insurance Corporation (FDIC) made a joint announcement Sunday evening.
Read more >>

For some remote workers, loneliness is the price of more job freedom and flexibility.
Working virtually can stoke feelings of isolation and make it more difficult to connect with colleagues. We have tips to help you combat those less-than-desirable effects of remote work.
Read more >>

Rent prices have eased over the past few months, but still remain a cost burden for many renters across the country.
We’ll look at the factors at play, and one metric you can use to determine whether you’re still overpaying.
Read more >>

Deep dives from SoFi Learn

A college degree isn’t the only path to a good paying job.
Many jobs offering competitive pay don’t actually require college degrees. Take a look at these industries that you can enter with little to no experience or education.
Read more >>

When are a worker’s “peak earning years,” and what happens after they’re past?
Let’s take a closer look at the average income by age in the US, according to the Bureau of Labor Statistics.
Read more >>

A salary inflation calculator shows how your paycheck is (or isn’t) keeping up with inflation.
Read on for more information on historic and current inflation rates, how to use an inflation calculator to assess your salary, and how to plan for what’s next.
Read more >>

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Terms and Conditions Apply. SOFI RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE. To qualify, a borrower must be a U.S. citizen or other eligible status and meet SoFi's underwriting requirements. Not all borrowers receive the lowest rate. Lowest rates reserved for the most creditworthy borrowers. If approved, your actual rate will be within the range of rates listed above and will depend on a variety of factors, including term of loan, evaluation of your creditworthiness, years of professional experience, income, and a variety of other factors. Rates and Terms are subject to change at anytime without notice and are subject to state restrictions. SoFi refinance loans are private loans and do not have the same repayment options that the federal loan program offers, or may become available, such as Income Based Repayment or Income Contingent Repayment or PAYE. Licensed by the Department of Financial Protection and Innovation under the California Financing Law License No. 6054612. SoFi loans are originated by SoFi Lending Corp. or an affiliate, NMLS # 696891. (www.nmlsconsumeraccess.org)

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